Asian Shares: Hong Kong Stocks Fall After Long Holiday -- Update

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Chao Deng Stocks in Hong Kong fell sharply on Thursday, catching up with deep regional selloffs, as the market reopened after an extended Lunar New Year holiday. The benchmark Hang Seng Index was recently down 4% at 18526.03, near ...

NYMEX Crude Slips Below $27 a barrel

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Biman Mukherji Oil futures prices on the New York Mercantile Exchange Thursday fell below $27 per barrel as the market largely ignored a drawdown in U.S. crude oil stockpiles amid a wider supply glut. The U.S. Energy Information Administration ...

Sun Life Financial Tops Analysts' Estimates

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Sun Life Financial Inc., Canada's third-largest insurance company by assets, posted a fourth-quarter profit Wednesday that beat analysts' expectations despite challenges posed by low interest rates, tumbling commodity prices and stock-market turbulence. Toronto-based Sun Life, which reported results after the ...

New Zealand House Prices, Sales Fall in January

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Kate Geenty WELLINGTON, New Zealand--New Zealand house prices and sales fell in January compared to December, the Real Estate Institute of New Zealand said Wednesday. The national median house price fell 3.7% in January compared with the previous month, ...

A Look At Deutsche Bank's Bond Buyback

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

(FROM THE WALL STREET JOURNAL 2/11/16) By Christopher Whittall and Jenny Strasburg The news that Deutsche Bank AG is considering buying back a chunk of its own debt has sparked a rally in European banking shares, which had taken a ...

Dong Energy Sells U.K. Wind Farm Stake for $958 Million

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Denmark's Dong Energy A/S, part-owned by Goldman Sachs Group Inc., has agreed to sell a 50% stake in a U.K. wind farm to the parent company of toy maker Lego and a Danish pension provider. Lego Group's parent company, Kirkbi ...

Pernod Ricard Profit Rises on Whiskey, Champagne Sales

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

PARIS?French liquor group Pernod Ricard SA said Thursday its first-half profit for the fiscal 2016 year rose 9% on strong sales in the U.S. and some emerging markets helped by the euro's weakness against the dollar. The owner of Absolut ...

Low Oil Prices Don't Trickle Down Much to European Drivers

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Neanda Salvaterra LONDON--About six months ago, when the oil price dipped below $40 a barrel for the first time in six years, Nicholas Samy traded in his gas-guzzling truck and bought a tiny Toyota Yaris. "Petrol is still expensive," ...

Andreessen Horowitz Sells Some Lyft Shares to Prince Al-Waleed

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Two of the most prominent investors in ride-hailing service Lyft Inc. quietly sold $148 million in shares of the company in recent weeks, according to people familiar with the matter. Andreessen Horowitz and Founders Fund, a venture firm founded by ...

Yellen Stands Against Rate Rule

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Federal Reserve Chairwoman Janet Yellen on Wednesday reiterated her opposition to legislation that would force the Fed to follow a mathematical rule for setting interest rates. Testifying before the House Financial Services Committee, Ms. Yellen conceded the economy is "in ...

Shipping Firms Get Swamped In Trade Slowdown

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

(FROM THE WALL STREET JOURNAL 2/11/16) By Costas Paris and Dominic Chopping Amid years of falling freight rates and overcapacity, the biggest players in the global container-shipping industry tried to use their scale and deep pockets to out-navigate their smaller ...

Australia to Name Foreign-Investment Critic as Deputy Leader

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Rob Taylor CANBERRA, Australia--A reshuffle at the heart of Prime Minister Malcolm Turnbull's government is set to see a vocal critic of foreign investment in Australia elevated to the role of deputy prime minister, posing a potential headache for ...

Sun Life Financial Tops Analysts' Estimates

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Rita Trichur Sun Life Financial Inc., Canada's third-largest insurance company by assets, posted a fourth-quarter profit Wednesday that beat analysts' expectations despite challenges posed by low interest rates, tumbling commodity prices and stock-market turbulence. Toronto-based Sun Life, which reported ...

Malaysia December Industrial Output +2.7% on Year; +1.0% Expected

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Yantoultra Ngui KUALA LUMPUR--Malaysia's industrial output expanded 2.7% in December from a year earlier, mainly driven by positive growth in manufacturing and electricity activities, official data released Thursday show. The rate of expansion was faster than the average 1.0% ...

Peabody to Draw Down Rest of Revolving Loan

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Peabody Energy Corp. is planning to draw down the remaining available balance of its $1.65 billion revolving credit facility, a move that would give the company much-needed cash to weather the coal industry's deep downturn. The St. Louis company, which ...

Akzo Nobel in Talks to Buy BASF Industrial Coatings Business

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Ian Walker Paints and specialty chemicals firm Akzo Nobel NV (AKZA.AE) said Thursday it is in talks with BASF SE (BAS.XE) to buy the German chemical producer's industrial coatings business. The move is part of Akzo's strategy to drive ...